Gain control over personnel expenditures

• Accurately track payroll, payroll taxes, and fringe benefits for each staff or faculty member groups and allocate expenses across departments
• Drive staffing requirements for departments based on key drivers such as enrollment or projected revenue

Manage cash flow fluctuations

• Track expected vs. actual incoming grants, endowments, merchandise commissions, or tuition increases to monitor cash flow
• Regulate seasonality and unknowns through continuous forecasting

Match expenses to revenue

• Control costs associated with instruction and administration through consistent forecasting and analysis
• Produce and distribute expense to revenue matching

Produce accurate revenue forecasts

• Forecast and track revenue for sources such as services, annual fund donations, and grants
• Generate what-if scenarios to explore different revenue streams such as performances, bake sales, reunions, research hospitals, distance learning, alumni services, enrollment numbers, etc.
• Accurately group student types (part-time, full-time, program) for precise revenue planning
• Produce driver-based plans using key performance indicators (KPIs): acceptance rate, enrollment, graduation rate, student/professor ratio and cost per employee

Meet educational reporting requirements

• File P&L, Balance Sheets and Cash Flow in a timely manner, properly reflecting revenue and expenses
• Encourage accountability throughout the organization with collaborative reporting